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Hendrix Genetics,
through its 100% subsidiary Troutlodge Inc, the world leader in trout genetics
and production of trout eggs and Mobarakandish, a leading animal breeding
company in Iran, owned by Dr. Ardeshir Nejati and Mr Davood Saneei, have
concluded an agreement to both produce and distribute Troutlodge trout eggs in
Iran.

The collaboration will result in the supply of high quality Troutlodge trout eggs and healthier trout meals in Iran. Together, this partnership aims to capture a substantial market share of trout eggs in Iran within 3-6 years.

The agreement includes:

A joint venture under which Mobarakandish will construct and operate trout egg broodstock centers in Iran, where trout egg production can be carried out in large scale in local environments.

The support of Hendrix Genetics with over 70 years of Troutlodge expertise of breeding and genetics.

The continuation of Troutlodge to export trout eggs from its US and UK breeding operations to Iran, but under the direction, guidance and support of Dr. Ardeshir Nejati of Mobarakandish Advanced Technologies. With further support from the liaison and initiator of this project, John Dentler, Sales and Marketing Director of Troutlodge.

Steve Brown, CEO of Troutlodge Inc, said: “The collaboration with Dr. Nejati and the Mobarakandish Advanced Technologies creates the possibility to support the growing Iranian trout industry with Troutlodge’s best quality trout eggs.”

Dr Nejati said: ”This partnership enables us to produce Troutlodge trout eggs in Iran and will give the Iranian industry a welcome lift. Along with imports from the Troutlodge facilities in the US and Europe, it will provide the Iranian industry with a reliable supply of healthy, disease free eggs. “

Neil Manchester, Managing Director of Hendrix Genetics’ Aquaculture Business Unit added: “This agreement will make a significant and positive impact in trout aquaculture in Iran, and further support the development of Hendrix Genetics as the global leader in aquaculture breeding.”

Iran is one of the world’s leading producers and consumers of rainbow trout, producing up to 120,000 MT of rainbow trout annually. Iran’s significant freshwater resources, inland lakes, rivers and brackish waters of the Caspian Sea, along with an industrious and well educated population, provide the needed ingredients to grow rainbow trout to market sizes.

Mobarakandish Advanced Technologies, headquartered in Iran, is led by Dr. Ardeshir
Nejati, an expert in genetics and animal breeding and several other
partners. The company is a leader in
Iran in the production of dairy cattle, poultry broilers and with new
production efforts in sheep and goats.
The movement into trout egg production further diversifies the leading
privately held animal breeding company in Iran. www.mobarakandish.com